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W ills and W ill P l an n i n g Professional Wealth Management Since 1901 RBC Do minion Securities I NC. Financial Planning Publications At RBC Dominion Securities Inc., we have been helping clients
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How to fill out w i lls

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How to fill out wills:

01
Start by gathering important information: Collect all necessary details like personal information, assets, debts, and beneficiaries. Make a list of all the assets you want to include in your will.
02
Consult with an attorney or use a reputable online will-making service: Seeking professional help ensures that your will is legally valid and follows the specific requirements of your jurisdiction.
03
Decide on an executor: Select a trusted individual who will be responsible for carrying out the instructions in your will. Discuss this responsibility with the chosen person beforehand.
04
Determine your beneficiaries: Specify who will inherit your assets, properties, and possessions after your passing. You may also appoint alternate beneficiaries in case the primary beneficiaries are unable to receive their inheritance.
05
Name a guardian: If you have dependent children, designate a guardian in your will who will be responsible for their care in case of your untimely demise.
06
Specify your wishes for funeral arrangements: Although not legally binding, including your funeral preferences can provide your loved ones with guidance during a difficult time.
07
Sign and date your will: Follow the necessary signing formalities, which often include having witnesses present. These requirements may vary depending on your jurisdiction, so it's important to ensure legal compliance.
08
Store your will in a safe place: Inform your executor about the location of your will, or consider providing a copy to your attorney or a trusted individual. Make sure it is easily accessible when needed.

Who needs wills:

01
Individuals with significant assets: If you own property, generate income from investments, or possess valuable possessions, having a will allows you to determine how these assets will be distributed.
02
Parents/caretakers of minor children: Designating a guardian for your children in your will ensures that their custody will be according to your wishes if both parents pass away.
03
Business owners: For entrepreneurs, having a will is crucial as it allows for the smooth transfer of business ownership and controls how the business assets are distributed.
04
Individuals with specific wishes: If you have specific instructions regarding your funeral arrangements, donations to charities, or care of pets after your passing, a will enables you to voice these wishes.
05
Individuals who want to minimize family disputes: Having a clear and legally binding will can help prevent potential disagreements and litigation among family members over the distribution of your assets.
06
Anyone over the age of 18: It is advisable for all adults to have a will regardless of their financial situation. It ensures that their wishes are respected and their loved ones are taken care of according to their intentions.
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Wills are legal documents that allow individuals to dictate how their assets and property should be distributed after their death.
Anyone who wants to ensure that their assets are distributed according to their wishes after their death should file a will.
Wills can be filled out by working with a lawyer or using online resources to create a legally valid document.
The purpose of wills is to ensure that an individual's assets are distributed according to their wishes after their death.
Wills typically include information about the distribution of assets, appointment of guardians for minors, and any specific instructions for the handling of the estate.
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